HP Inc. [NYSE: HPQ] stock went on a downward path that fall over -0.73% on Monday, amounting to a one-week price increase of more than 1.99%. The company report on June 6, 2022 that HP Inc. Announces Pricing of Senior Notes.
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HP Inc. (NYSE: HPQ) today announced the pricing of its underwritten public offering of $2.0 billion aggregate principal amount of senior unsecured notes, consisting of $900 million aggregate principal amount of its 4.750% notes due 2028 (the “2028 notes”) at a public offering price of 99.841% of the principal amount, and $1.1 billion aggregate principal amount of its 5.500% notes due 2033 at a public offering price of 99.725% of the principal amount (the “2033 notes” and together with the 2028 notes, the “Notes”).
HP intends to use the net proceeds from the offering, together with other available funds, to fund the purchase price of the pending acquisition (“Poly Acquisition”) of Plantronics, Inc. (“Poly”), repay Poly’s existing term loan, and pay any related fees and expenses.
Over the last 12 months, HPQ stock rose by 29.36%. The one-year HP Inc. stock forecast points to a potential downside of -4.36. The average equity rating for HPQ stock is currently 2.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $41.71 billion, with 1.08 billion shares outstanding and 1.05 billion shares in the current float. Compared to the average trading volume of 15.87M shares, HPQ stock reached a trading volume of 8015548 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on HP Inc. [HPQ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPQ shares is $37.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPQ stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for HP Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 23, 2022. The new note on the price target was released on April 08, 2022, representing the official price target for HP Inc. stock. Previously, the target price had yet another drop from $34 to $31, while Morgan Stanley kept a Underweight rating on HPQ stock. On September 29, 2021, analysts decreased their price target for HPQ shares from 35 to 30.
The Average True Range (ATR) for HP Inc. is set at 1.55, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.64. Price to Free Cash Flow for HPQ in the course of the last twelve months was 8.53 with Quick ratio for the last quarter at 0.40.
HPQ Stock Performance Analysis:
HP Inc. [HPQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.99. With this latest performance, HPQ shares gained by 4.25% in over the last four-week period, additionally plugging by 5.25% over the last 6 months – not to mention a rise of 29.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HPQ stock in for the last two-week period is set at 57.99, with the RSI for the last a single of trading hit 61.51, and the three-weeks RSI is set at 55.88 for HP Inc. [HPQ]. The present Moving Average for the last 50 days of trading for this stock 37.57, while it was recorded at 39.68 for the last single week of trading, and 34.45 for the last 200 days.
Insight into HP Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and HP Inc. [HPQ] shares currently have an operating margin of +9.10 and a Gross Margin at +21.11. HP Inc.’s Net Margin is presently recorded at +10.21.
HP Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.70.
HPQ Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HPQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HP Inc. go to 7.57%.
HP Inc. [HPQ] Insider Position Details
There are presently around $35,630 million, or 87.40% of HPQ stock, in the hands of institutional investors. The top three institutional holders of HPQ stocks are: VANGUARD GROUP INC with ownership of 105,244,573, which is approximately -5.651% of the company’s market cap and around 0.10% of the total institutional ownership; BERKSHIRE HATHAWAY INC, holding 104,476,035 shares of the stock with an approximate value of $4.16 billion in HPQ stocks shares; and BLACKROCK INC., currently with $4.03 billion in HPQ stock with ownership of nearly 0.57% of the company’s market capitalization.
Positions in HP Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 475 institutional holders increased their position in HP Inc. [NYSE:HPQ] by around 131,004,281 shares. Additionally, 515 investors decreased positions by around 93,331,575 shares, while 215 investors held positions by with 670,656,460 shares. The mentioned changes placed institutional holdings at 894,992,316 shares, according to the latest SEC report filing. HPQ stock had 103 new institutional investments in for a total of 107,294,871 shares, while 101 institutional investors sold positions of 2,513,690 shares during the same period.